Templeton Global Bond Enhanced Fund Q3 2025 Commentary (TTRZX)

Franklin Templeton 4.62K Follower s Follow 5 Share Save Play ( 8min ) Comments Summary Tariffs and trade policy continued to dominate much of the news cycle during the third quarter of 2025. The US Federal Reserve resumed its rate-cutting cycle, reducing the federal funds rate target range (for the first time this year) by 25 basis points (bps) to 4.00%–4.25%. Overall Contributors: Interest-rate strategies contributed to absolute fund performance during the quarter, as did overall credit exposures. We believe the USD remains overvalued against a number of currencies despite its year-to-date decline. While we expect global growth to be weaker than we had anticipated prior to the imposition of tariffs, we believe a recession should largely be avoided. Sumedha Lakmal/iStock via Getty Images Key Takeaways Markets: Tariffs and trade policy continued to dominate much of the news cycle during the third quarter of 2025. The United States announced trade deals with some major trading partners, but there were also moves This article was written by Franklin Templeton 4.62K Follower s Follow Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.4 trillion in assets under management as of June 30, 2023. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.

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